MG Motor to hike prices of cars from January

MG Motor has declared about its decision of increasing the prices of its offerings in India. According to the company, in order to counter the impact of higher input cost, they will be increasing the cost by up to three per cent. According to a company statement, the changes in prices will come in to effect depending on the model from 1 January. As per the company, in view of the miscellaneous cost increase, it would undertake a price revision across its product range.

The revised prices will apply on three models that the company retails in India. This consists of the ZS EV, Hector and Gloster. The SUVs are priced in the range of ₹12.83 lakh and ₹35.6 lakh. According to the company, it will launch a seven-seater type of its Hector Plus model next month. As of now, with captain seats, Hector Plus model is available in the six-seater version.

Apart from MG Motor, many eminent automobile manufacturers in the country such as Ford India, Mahindra and Mahindra, Maruti Suzuki India and Hero MotoCorp are considering price rise of their corresponding vehicles from January. As per these companies, they are doing this in order to mitigate the adverse impact of rising input costs, especially raw materials and commodity prices.

Taking into consideration the ongoing pandemic, it is not good news for potential buyers as they are already struggling with the inflation. In these testing times, this is the last thing that car lovers would have asked for. Its impact will be visible in a couple of months.

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